Question
A contract can be fulfilled by making an immediate payment of $12,200 or equal payments at the end of every six months for 10 years.
A contract can be fulfilled by making an immediate payment of $12,200 or equal payments at the end of every six months for 10 years. What is the size of the semi-annually payments at 5.6% compounded semi-annually? ( Round all intermediate values to six decimal places as needed)
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Financial Management Of Health Care Organizations
Authors: William N. Zelman, Michael J. McCue, Alan R. Millikan, Noah D. Glick
2nd Edition
063123098X, 9780631230984
